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DAX tests 22,500 as defence stocks take a hit ahead of unemployment report
As noted here earlier, the latest German unemployment report is due out this morning and that release is not far off now, at 8.55am GMT. Ahead of that the DAX is falling back further after opening lower this morning. The index just tested the 22,500 handle and it is being led lower by a fall back in many of the leading German defence stocks. That is quite a contrast to what we have seen most recently in that area. There are no reasons to explain that here, but if they become known, then they will be conveyed in due course. The DAX has just now lifted off the lows, currently trading back to around 22,555
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